Shares of FleetCor Technologies, Inc. (NYSE:FLT) have received an average rating of “Buy” from the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $187.92.
A number of equities research analysts have recently commented on FLT shares. Credit Suisse Group reaffirmed an “outperform” rating on shares of FleetCor Technologies in a report on Tuesday, September 5th. Jefferies Group reiterated a “buy” rating and set a $197.00 price target on shares of FleetCor Technologies in a research note on Saturday, September 16th. Oppenheimer restated an “outperform” rating and set a $185.00 target price on shares of FleetCor Technologies in a research report on Tuesday, September 26th. Zacks Investment Research upgraded shares of FleetCor Technologies from a “hold” rating to a “buy” rating and set a $180.00 target price on the stock in a research report on Monday, October 9th. Finally, Morgan Stanley upped their target price on shares of FleetCor Technologies from $184.00 to $189.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th.
FleetCor Technologies (NYSE FLT) traded down $0.72 during trading on Tuesday, reaching $190.46. 333,600 shares of the company traded hands, compared to its average volume of 1,116,614. FleetCor Technologies has a 12-month low of $121.52 and a 12-month high of $192.51. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $17,057.75, a P/E ratio of 32.39, a PEG ratio of 1.39 and a beta of 1.53.
In other FleetCor Technologies news, insider Kurt Patrick Adams sold 7,099 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $170.00, for a total transaction of $1,206,830.00. Following the transaction, the insider now owns 9,246 shares of the company’s stock, valued at $1,571,820. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 4.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in FLT. Advisor Group Inc. grew its holdings in FleetCor Technologies by 1.1% during the 2nd quarter. Advisor Group Inc. now owns 3,890 shares of the business services provider’s stock valued at $543,000 after purchasing an additional 41 shares in the last quarter. Commonwealth Bank of Australia grew its holdings in FleetCor Technologies by 13.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 740 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 85 shares in the last quarter. Toronto Dominion Bank grew its holdings in FleetCor Technologies by 11.1% during the 2nd quarter. Toronto Dominion Bank now owns 1,128 shares of the business services provider’s stock valued at $163,000 after purchasing an additional 113 shares in the last quarter. Nordea Investment Management AB grew its holdings in FleetCor Technologies by 4.3% during the 2nd quarter. Nordea Investment Management AB now owns 2,859 shares of the business services provider’s stock valued at $412,000 after purchasing an additional 119 shares in the last quarter. Finally, Commerce Bank grew its holdings in FleetCor Technologies by 11.2% during the 2nd quarter. Commerce Bank now owns 1,580 shares of the business services provider’s stock valued at $228,000 after purchasing an additional 159 shares in the last quarter. 95.41% of the stock is owned by institutional investors.
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About FleetCor Technologies
FleetCor Technologies, Inc is a provider of workforce payment products. The Company offers fuel card payments product solutions, corporate payments products, toll products, lodging cards and gift cards. The Company operates through two segments: North America and International. Its products are sold to businesses, retailers, oil companies and marketers and government entities.
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